Profit Rates: Their Dispersion and Long-Term Determination

William Paul Cockshott

A chapter in Value, Money, Profit, and Capital Today, 2023, vol. 39, pp 167-187 from Emerald Group Publishing Limited

Abstract: This chapter introduces Marx's theory of the determination of profit rates. It contrasts this theory with what happened in the late nineteenth century to British profit rates with a detailed statistical account. It identifies missing features in the standard presentation and contrasts these with the overaccumulation hypothesis that he presents elsewhere. A formal mathematical model using the overaccumulation hypothesis is then given and tested against modern empirical data.

Keywords: Profit rate; tendency for the rate of profit to fall; organic composition of capital; overproduction of capital; accumulation; United Kingdom (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rpeczz:s0161-723020230000039010

DOI: 10.1108/S0161-723020230000039010

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